Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

11
Posts
7
Votes
Damian Callaghan
7
Votes |
11
Posts

Commercial Lending - Small Business / Commercial real estate

Damian Callaghan
Posted

Actually this is Sarasota area - I wasn't anticipating getting in to the commercial space but an opportunity came up and so I went with it. The first load went OK but I just have another opportunity in hand and trying to find another commercial lender. One think I have noticed is that commercial lenders don't like small loan amounts - I am looking for $137K with 20% down. So I need a small commercial lender. Any recommendations welcome - or creative financing ideas. I could pay cash but would leave me tight and need some wiggle room

Most Popular Reply

User Stats

21
Posts
7
Votes
Replied
Quote from @Bonnie Griffin Kaake:

@Damian Callaghan   Have you considered doing cost segregation on the other properties you own? It is like getting a free loan from the IRS. If you didn't have Federal taxes to pay on the other properties it just might give you some wiggle room for further investing and leveraging what you do have. 


this is new to me. I will have to investigate this further to better understand how it could help 

thanks for the suggestion 

Loading replies...